Technoglitch
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Bharti Airtel said it had successfully concluded the transaction for acquiring rights to use 20 MHz 2300 Band BWA (broadband wireless access) spectrum from Aircel.
The deal makes Airtel the second largest holder of 4G spectrum in 2300 MHz band after Reliance Jio Infocomm, which holds the 4G spectrum in all 22 circles in the country.
Odisha circle
“The proposed transaction has been successfully concluded for the Odisha circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines),” Airtel said in a statement in a filing to the BSE. With this, the country’s largest telecom services provider has completed transaction in seven out of eight circles, including Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Odisha, it said. The spectrum trading deal related to the Andhra Pradesh circle is yet to complete.
For the Odisha circle, Airtel had to surrender 1.2 MHz spectrum, worth around ₹38 crore, for approval as it breached the spectrum limit after taking into account Aircel’s spectrum.
The company had entered into the ₹3,500 crore deal to acquire Aircel’s 4G spectrum in eight telecom circles in Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Odisha and Andhra Pradesh.
Meanwhile, the Department of Telecom has put all spectrum trading, sharing and liberalisation deals on hold till the end of the mega auction scheduled to start from September 29.
Airtel completes spectrum deal with Aircel in seven circles | Business Line
The deal makes Airtel the second largest holder of 4G spectrum in 2300 MHz band after Reliance Jio Infocomm, which holds the 4G spectrum in all 22 circles in the country.
Odisha circle
“The proposed transaction has been successfully concluded for the Odisha circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines),” Airtel said in a statement in a filing to the BSE. With this, the country’s largest telecom services provider has completed transaction in seven out of eight circles, including Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Odisha, it said. The spectrum trading deal related to the Andhra Pradesh circle is yet to complete.
For the Odisha circle, Airtel had to surrender 1.2 MHz spectrum, worth around ₹38 crore, for approval as it breached the spectrum limit after taking into account Aircel’s spectrum.
The company had entered into the ₹3,500 crore deal to acquire Aircel’s 4G spectrum in eight telecom circles in Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Odisha and Andhra Pradesh.
Meanwhile, the Department of Telecom has put all spectrum trading, sharing and liberalisation deals on hold till the end of the mega auction scheduled to start from September 29.
Airtel completes spectrum deal with Aircel in seven circles | Business Line